Not Filing Taxes Could Get You in Trouble with IRS says Gary Quackenbush Tax Expert
Gary Quackenbush on NBC TV with Consumer Bob CONSUMER BOB HELPS TO SAVE YOU MONEY AND TIME Not Filing Taxes Could Get You in Trouble with IRS Here is the link to a TV show Gary was on with Consumer Bob. The question was whether the IRS would catch up to you if you did not file a tax return. The answer may surprise you. LINK – Quackenbush on TV with Consumer Bob – Late Filed Taxes – 2 minute video...
Read MoreTax Scams Continue, Beware
Tax Scams Continue, Beware Last week the IRS issued yet another warning that tax scams continue as this tax season draws to a close. In the March 14 IRS Newswire report, the IRS warned about a new scam tactic used by criminals to get sensitive, financial and personal information from unsuspecting victims. Earlier this year we posted about tax scams involving fake charities and identity theft. We posted in 2015 about phishing scams, where con artists use fake emails or set up fake websites in an attempt to get your information. Similar scams continue and now may involve criminals pretending...
Read MoreWhat You Should Know about the Child Tax Credit
What You Should Know about the Child Tax Credit While many aspects of tax filing, and tax season in general, are a big drag, there is one aspect of tax filing that many look forward to- their refund. For the most part, refund money isn’t “free money” from the government, its money you overpaid during the year but even so, getting some dollars back in your bank account is never a bad thing. For parents of minor children, the Child Tax Credit is often to thank for taking at least a little off the top of your tax bill and, hopefully, adding a bit more to your refund. The Child...
Read MoreFake Charities: Dirty Dozen Tax Scams 2016
Fake Charities: Dirty Dozen Tax Scams 2016 Did you know that not all charities are truly charitable? Its a terrible and twisted concept but its reality. There are groups that pretend to be charitable, drawing you in and encouraging you to donate money and give your personal information with plans to scam you. The IRS recently warned tax payers to be aware of such fake charities in its recent update about its Dirty Dozen Tax Scams for the 2016 filing season. “Fake charities set up by scam artists to steal your money or personal information are a recurring problem,” said IRS...
Read MoreIdentity Theft: Dirty Dozen Tax Scams 2016
Identity Theft: Tax Scams With tax season upon us, the IRS has issued warnings that scam artists are on the prowl and they could be after you. They have again issued their list of the “Dirty Dozen” Tax Scams, this time identity theft tops the list. You can read about 2015’s number one, phone scams, in our post from last year. While identity theft can happen at any time of the year, many criminals take advantage of tax season to get their victims. Tax-related identity theft happens when someone uses your social security...
Read MoreTax Tips: Giving Gifts to Charity
Tax Tips: Gifts to Charity Tax Tips for Charitable Giving You must itemize your deductions in order to claim donations to charity. Give to qualified charities: You cannot deduct donations to charities not found on the IRS Select Check tool. Check it out here before you donate. You can deduct gifts to churches, synagogues, temples, mosques and government agencies, even if the Select Check tool does not list them. Keep records: You must have a bank record or written statement from the charity in order to deduct gift money on your tax return. Gifts of money include those made by cash, check,...
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